Data: More than 55% of ARB air drops have been claimed
According to reports, Dune data shows that more than 650 million Arbitrum Tokens (ARBs) have been claimed, accounting for 55.94% of the air drop supply. The number of applications for addresses has exceeded 339000.
Interpretation of this information:
The report reveals that over 650 million Arbitrum Tokens (ARBs) have been claimed through the data provided by Dune Analytics. This accounts for 55.94% of the Air Drop Supply, indicating a significant interest amongst investors and market participants. The Arbitrum Network, launched on 31 August 2021, is an Ethereum Layer 2 scaling solution that aims to provide fast, inexpensive, and secure transactions. It is backed by Sequoia, a leading venture capital company with an excellent track record of investments in many startups.
Moreover, the report shows that the number of applications for addresses has also surged past 339,000, indicating that there is a tremendous interest in the project within the cryptocurrency community. These numbers signify the usage level of the network, which are also indicating towards the high confidence level that investors and traders have in this project.
The Dune data showcases the trajectory of the popular Layer 2 scaling solution in the past few months, providing valuable insights into the development of the Arbitrium Network. These metrics are constructive for investors and analysts who can use them to assess the growth and adoption of the network. The report shows the massive growth potential of the platform as it continues to gain popularity among crypto enthusiasts.
In summary, the Arbitrum Network is experiencing significant growth with over 650 million ARBs being claimed through the Air Drop and over 339,000 applications for addresses. Despite being a recent launch, these figures indicate that the network has already gained substantial interest and momentum. This underscores the potential for the Arbitrum Network to continue growing in adoption and popularity in the coming months. The three keywords that summarize the report are Arbitrum Tokens, Air Drop Supply, and Applications for Addresses.
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